Aluminium Futures Trading: Demand Slowdown Drives Price Drop

Aluminium Futures Trading: Demand Slowdown Drives Price Drop.webp


New Delhi, February 10 Aluminium prices fell by ₹1.20 to ₹314.55 per kg in futures trading on Tuesday, as participants reduced their positions amid a weak trend in spot markets.

On the Multi Commodity Exchange, aluminium for delivery in March declined by ₹1.20 or 0.38 percent to ₹314.55 per kg in 177 lots.

Analysts said that the reduction in positions by participants, primarily due to easing demand from consuming industries, mainly kept aluminium prices lower.
 
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